The Quiet Expiry Week Is Already Telling You Something

The last full trading week of June brings a confluence of quarterly options expiry and thin pre-holiday liquidity, a combination that tends to amplify moves in either direction. Fed speakers are back on the calendar after last week's silence, and the market is still digesting whether the June meeting shifted the rate path or just acknowledged what everyone already priced. If crypto flows stay muted into Friday's close, that itself is a read worth sitting with.